Should I sell or hold on my bitcoin?

[Sayeds56]

If you see yourself that you cannot afford to see the declination on the value of Bitcoin once you hold it, better sell it for your own good but if you see that you can endure taking temporary loss due to price declination, then better hold for it. It will be an assessment on yourself on how far can you go so better mind your own and do not be dependent on other people's opinion and speculations for we have different stands regarding the matter. Better just see to it that you will be the one benefitting on the decision you will make because it is your own Bitcoin and not ours.

Though current BTC Price action is very Boring and it is stuck between 31,500 to 33,500 and it is likely to continue lower unless it clears 35,000 which has become an uphill task but for long term Investors, BTC the is best asset to hold when we look at it Historical performance from 2011 to 2021. Its performance has been extremely impressive without any doubt.




https://www.investing.com/crypto/bitcoin/chart

[NeverSop]

In my opinion, the market this week is continuously moving and changing shades.  Bull has been kept and gone and worthwhile bitcoin is on the defensive threshold of $ 30k.  If the wavelength resets as before, bitcoin will rise to 40k by accomplishing anything, this code is detected.  I suppose, be more patient and don't sell bitcoins under these conditions.  Need to wait more before the end of January.

[darewaller]

I would say it depends on your personal life and not a trading question for people like me. If you are a day trader that buys and sells you wouldn't ask if you should sell it or hold it, that means you are an investor who bought it and holds it right now and depending on what you want to do you will maybe get out, if you are holding your coins more than few days that kind of becomes investing a bit and not trading, trading is buying and selling as quickly as possible.

In the case of an investor selling or holding, that depends on your life, do you need the money now? You could always need money because of something in your life, and if you need it that means you could sell it, nothing wrong with that, however if you do not need the money right now, just let it ride, maybe it will be 10k again maybe it will be 50k but eventually in a few years it will definitely be higher than this no doubt about it.

[samputin]

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

Well, this time the price of bitcoin is totally high compare to last year, if you think that you have profit when you trade it? Why not! This time is a good opportunity to sell our bitcoin. But I can suggest to hold other bitcoin (for the chances to increase the price of bitcoin and sell when bitcoin value is great) and sell the other (for the assurance of sure money).

Of you think that the new stock is great than bitcoin why not? But for me, bitcoin is great at now.

Just always monitor the graph of trading and follow your instinct to avoid blaming yourself in the end.

[habo8]

If it breaks its resistance of $30000 than it may move to $27000 but after it can started recovering.

[aysg76]

If it breaks its resistance of $30000 than it may move to $27000 but after it can started recovering.

It will go down more if whales won't started buying BTC now. Coin base premium is in negative right now which means no coinbase whales buying it.

[Kong Hey Pakboy]

People often ask this kind of question about when is the right time to buy and sell bitcoin. As everybody says, there is no actual or specific time or date to buy and sell bitcoin. But I prefer to buy bitcoin when its price has decreased just like today because bitcoin is down that it is now $30,000. Also, I only sell my bitcoins when I need money to maintain my long term investment.

[Renampun]

all decisions are up to you...
profit or loss is the risk that must be borne by every investor. but if I were you, I would continue to HODL my Bitcoin until I actually sold it at a good price. *whether the shares you mean are Tesla stocks

[iv4n]

all decisions are up to you...
profit or loss is the risk that must be borne by every investor. but if I were you, I would continue to HODL my Bitcoin until I actually sold it at a good price. *whether the shares you mean are Tesla stocks

This is the best comment here, all decisions are up to us! We read this and that, positive and negative things... but actually nobody can't predict the future, some will be right and some will be wrong! Where are we in all that?! We need to create our own plan and way of thinking, and to believe that we can make good decisions!
I can only say that I sold a nice part of my holdings, and I am having fun with short run trading, but I am waiting for some nice drop to buy with everything I have! It's what I expect and what I believe that will happen... I see many experienced people think the same, but will it happen like we desire or not, we will see! Good luck all with your decisions, after all some will be right and some will not, but the game will not end as long as we have something in our wallets!

[Hippocrypto]

If it breaks its resistance of $30000 than it may move to $27000 but after it can started recovering.

It will go down more if whales won't started buying BTC now. Coin base premium is in negative right now which means no coinbase whales buying it.

It seems that there's silence among whales now, and only waiting for another big spikes. Only traders and holders remained active after the massive pump in marketplace early this year. Many speculations would tend to come out if we can't see any good movement in the next coming weeks, so we need to be careful in every decisions we're going to make. For now wait for every certain updates, and if in case gradual downtrend may occur you'll able to take your profit quickly to avoid losing your profit.

[blue_nexus15]

In my opinion, the market is not in a bad mood as bitcoin is still good at $ 30,000.  Compared to the previous sessions, with a negative fluctuation range, although there are no noticeable fluctuations, the fast recovery today can create a good psychological momentum for the next correction phase.  Keeping it if bitcoin is on a defensive threshold is in favor of $ 30,000.  Bitcoin capitalization remains in equilibrium trend, which is well maintained.  It would be perfect when bitcoin surpasses 40k in the next four days.

[cheezcarls]

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

It depends on you mate. Whatever advice do we have, the final decision will always be onto you. Once you have made your final decision, you will fully understand the risk that you are taking even if the price goes down.

[Obito]

In my opinion, the market is not in a bad mood as bitcoin is still good at $ 30,000.  Compared to the previous sessions, with a negative fluctuation range, although there are no noticeable fluctuations, the fast recovery today can create a good psychological momentum for the next correction phase.  Keeping it if bitcoin is on a defensive threshold is in favor of $ 30,000.  Bitcoin capitalization remains in equilibrium trend, which is well maintained.  It would be perfect when bitcoin surpasses 40k in the next four days.

That is what I am waiting for, maybe if bitcoin prices stabilize at around 35k for a week, I think selling it would be a good idea but many have regrets selling their coin because the moment that they sell it then the next day the prices suddenly skyrocketed. With the current prices, surpassing 40k is a pipe dream for the market, there seems to be a resistance that is preventing it and this one is stronger from back in the 20k price point.

[konflikkastil]

Firstly, I will like to know if you know about the history of Bitcoin? How it got to where it was today with a worth of over $30k our present money. Convert that to any currency in the world, it is still money. Let me run a quick recap for you. This entity called Bitcoin, the father of all cryptocurrencies in the world today started with a price less than $1 even less than 20cents. Within the space of 11 years, that supposed 20cents has worth $30,000 today. If you can the calculation, that's more than 100,000% increment. The question is how long do you want to keep your Investment. Do you have pressing matters than needs financial attention urgently? If you don't leave your Investment for a long time so you can recover some of your loses and have more

[LimLims]

Sorry to hear that you are in reds right now.
But many of the great crypto traders have predicted that BTC will touch 50k USD soon. So if you can save upto that time , then it will be better.
But if you want to sell them instantly as you might need to urgent cash, then do it.
Or else if you want to invest at other coins and seeing better opportunity then go for selling.
Else if you listen to me then just hold the coin for another one month.
I am sure you will get at least little profit.

[Issa56]

This is just simple if you think you are satisfy with your current profit and you are not sure about bitcoin movement you can definitely sell it or if you think Bitcoin might dump u can sell it, currently have been being different predictions about bitcoin to touch $50k but seriously I won't advise you to follow any prediction but since you are contemplating to sell or hold why don't you sell off 50% of the bitcoin you holding and you can leave the remaining 50% and see what will happen is just a suggestion you can also look into it before taking any step.

[jostorres]

Our goal is to earn more, become profitable. Selling at a good price, holding waiting for a better price.

That's a perfect mindset upon having Bitcoin, we are here to gain more upon investing in Bitcoin not just losing profit.  Just wait a perfect time and sell at a good price.  This is the reason why we always say, invest of what you can afford because in investing in crypto there's no time frame when you will get profit on it.  You will not earn in just a couple of days hoping that your profit was there, long term investment is far better than short term investment.

So the OP question is, should I sell my bitcoin?
One straight question, is your profit was there? If so, then that is the right time to sell but if you can wait for more for I said the perfect time much better.

That is on trading, but the reality is that bitcoin was created so that we could also have something that would be profitable to use it and not just hold it. Bitcoin is not only an asset but also a currency and you have to remember that. Which means the more bitcoins you trade, the more you are missing out on profiting by using it, plus you could always earn it by working for it as well which would be both a great investment but also great way of using it as well.

I get that we are in the trading section and everyone wants to talk about selling or holding right now but I am just here for reminding people the third option : using it. If you end up using it, that means there will be more people with bitcoin in the world and that will increase the price and all of us can profit from that. However if I had to pick selling or hodling, I would definitely hodl.

[lixer]

Forum users can share their opinions but being perfectly honest with you, no one knows how the future will unfold. I think that the demand is only going to increase with time while the supply is limited so speaking on that ground I think the price should only rise from here on but then there are sudden and sharp falls too which are unexplained because the supply is never going to suddenly increase so why the prices dropped.

If I was in your place, I would liquidate a little amount when price touched around 40k and then wait for the drop to happen as it did happen and then buy again at 32k. I know it sounds easy in hindsight because when 40k was touched, there were news about reaching 100k too and hard to sell during bull run.

[Cling18]

Hi Everyone, I have a dilemma since I am holding an wholesome portion of bitcoin. With all the speculation going on in the market I don't know whether to sell or hold on my bitcoin. I've been wanting for more than a week to see if bitcoin's price improves, but it is only falling more and more.

I've gone through dozens of analysts' blogs, websites, market cap sites, price prediction sites, and all the important bitcoin market sites to find the right answer. But I am still unsure.

So, can anyone please tell me if I should dump my bitcoins with some losses (selling at lesser price than the buying price), or should I hold on to it?

There is also another reason. A promising stock just opened up. So should I sell my bitcoins and but the new stock that I'm interested in?

Viketo Sumi (Armani123)

That's actually one of the common questions that we all have especially when we're all in the midst of being undecided where all we could do is just rely on other's opinions. As for me, things will depend on your objective. If you invested to gain a profit even just for a short period of time then it's already good to sell but if you have invested for a long-term hold then risking would be the bravest thing that you can do. Upon investing, you should know what your goal is so you won't have to rely on the decision of others.

[Hobo66]

Markets show that price will stable b/w 3000$ to 35000$. So one should not deprived if bitcoin price down and wait for price to raise to 40k. I believe that bitcoin will make a High Ath in two month. Ao hold and wait for profit.